10 Booming U.S. Cities

Several U.S. cities are starting to see a recovery from the recession that slammed the U.S. economic forecast in 2006. Popular big cities that are recovering include:

• New York, New York – The largest U.S. city is also the most densely populated, boasting 27,000 people per square mile. Between the months of July 2011 and July 2012, the city grew by 67,000 residents, which equates to a 0.8-percent gain in population. With this fluctuation has come a demand for more jobs and the unemployment rate in this city has been steadily decreasing. Since Europe has been troubled with economic plight, a number of Irish and Greek immigrants are moving to New York City.
• Houston, Texas – An oil-rich city, Houston is greatly influenced by local petrochemical industries. The economy in the area is also rich with construction, health care and financial services. Combine low home prices and well-paying jobs, this area has seen an increase in population by 1.6-percent.
• Los Angeles, California – The largest city in California, the population here grew an astonishing 0.9-percent. Not only does this area rely on Hollywood for an economic boost, but also offers international shipping, technology, aerospace and clothing manufacturing jobs.
• San Antonio, Texas – With permanent military bases such as Lakeland Air Force Base and Fort Sam Houston, this area is rich in industry and development. Toyota and a new cloud computing company, Medtronics and Rack Space, call this area home. With a low cost of living, this city has seen its population increase by 1.8-percent.
• Austin, Texas – Home to a number of Fortune 500 companies, including Whole Foods and Dell, this state has seen an increase in population by a staggering 3-percent.
• Phoenix, Arizona – Phoenix reaped the benefits of a hot housing market and felt the crushing blow when the real estate bubble burst. Rising from the ashes like its namesake kin, Phoenix has seen their population increase by 1.6-percent.
• Dallas, Texas – Once again, Texas makes the list for booming cities. Dallas is known for its vast telecom empire, including Nortel, AT&T and Sprint. They are also home to Southwest Airlines, Texas Instruments and Exxon. Sparsely settled, this area is welcoming new residents with open arms, which has resulted in their population growing by 1.9-percent.
• Charlotte, North Carolina – Known for big banking and Nascar, this city is home to Wells Fargo and Bank of America. The population here has increased by 2.5-percent.
• San Diego, California – Rounding out the list for California is San Diego. Home to the largest naval fleet in the U.S., including defense contractors, cargo shipping and truck traffic, multi-family homes are sprouting up like wildfire in this area. Their population has increased by 1.4-percent.
• Fort Worth, Texas – With plenty of room for expansion, this city is home to RadioShack and AMR, a parent company for American Airlines. Located just near Dallas, Fort Worth saw an increase in growth of 2.1-percent.

For real estate investors looking to get into the action in these booming cities, Better Than Loans offers hard money loans. As hard money lender, they offer fast loan funding, including specializing in commercial building loans and apartment building loans.